Madras High Court ruled that the Tax Recovery Officer (TRO) cannot declare a property sale made by an assessee to a third party as void, even if the sale occurred during tax proceedings. This decision protects the rights of third-party buyers in tax disputes.
The Supreme Court will soon hear the matter regarding sales tax demand for the use of invalid ST-1 Forms. Get updates on this crucial case.
Explore how the Allahabad High Court nullified the Commercial Tax Tribunal’s decision due to non-compliance with Rule 63(5) of U.P. V.A.T. Rules, 2008. Details in the article.
Learn about Form INC-20A, mandatory for companies incorporated after Nov 2, 2018, to declare commencement of business under the Companies Act, 2013, detailing penalties for non-compliance and filing fees.
New rules require additional product details in import/export declarations at JNCH, Nhava Sheva. This aims to improve efficiency, avoid delays, and enhance policymaking. Importers, exporters, and others impacted should follow the Public Notice guidelines.
Explore Ind AS 16’s guidance on accounting for property, plant, and equipment, covering recognition, measurement, depreciation, and impairment to ensure clarity on an entity’s asset investments.
Explore the Madras High Court’s decision in Global Calcium (P.) Ltd. v. Assistant Commissioner, emphasizing the importance of assessing officers considering relevant aspects before passing orders. Get insights into the impact on GST assessments.
Explore the recent Hawkins Cookers Ltd. case as the Allahabad High Court clarifies that typographical errors in e-way bills do not warrant penalties. Learn the impact on businesses and tax compliance.
Protect your business from third-party risks with effective Third-Party Risk Management. Learn the process and steps for mitigating operational, financial, and legal risks.
Ensure legal compliance for your private limited company with these essential guidelines. Learn about ROC and Income Tax compliance obligations to avoid penalties.
